Search:
   

Tuesday, August 11, 2020

Equity Corporate Actions Alert #2020 - 140
Spin-Off/Distribution Information for SunPower Corporation (SPWR)

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

Resources:

SunPower Corporation (SPWR) announced a spin-off of Maxeon Solar Technologies, Ltd Ordinary Shares (Singapore). The EX distribution when-issued market of SunPower Corporation (SPWRV) and the when-issued market for Maxeon Solar Technologies, Ltd (MAXNV) will begin trading on Nasdaq on August 14, 2020. The details for the spin-off and when-issued markets are as follows:

Parent Company/Issue: SunPower Corporation Common Stock
CUSIP: 867652406
Symbol: SPWR
Record Date: August 17, 2020
Payment Date: August 26, 2020
EX Date: August 27, 2020
Due Bill Redemption Date: August 28, 2020
Ratio of Spin-Off/ Distribution:
 One (1) ordinary share of Maxeon Solar Technologies, Ltd (MAXNV) for every eight (8) shares of SunPower Corporation (SPWR) held.

An EX distribution when issued market will be established for SunPower Corporation. Trades in the EX distribution when issued market will not carry due-bills for the spin off/distribution. The details for the EX distribution when-issued market are as follows:

Symbol: SPWRV
CUSIP: 867652117
First Trade Date: August 14, 2020
Anticipated Suspension Date: August 27, 2020
Settlement Date: August 31, 2020

A when-issued market will be established for the ordinary shares of Maxeon Solar Technologies, Ltd (MAXNV). The symbol will change to MAXN on August 27, 2020. The details for the when issued market are as follows:

Symbol: MAXNV
CUSIP: Y58473102
First Trade Date: August 14, 2020
Regular Way Trading Begins: August 27, 2020
Settlement Date: August 31, 2020

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in SPWRV or MAXNV contact Nasdaq Trading Services at +1 212 231 5100.

Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

View NASDAQTrader.com Mobile